Royal Bank of Canada Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target trimmed by Royal Bank of Canada from C$65.00 to C$62.00 in a report released on Monday,BayStreet.CA reports.

PPL has been the subject of several other reports. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. TD Securities set a C$66.00 price objective on Pembina Pipeline and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Raymond James increased their target price on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd. UBS Group dropped their price target on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Pembina Pipeline from C$62.00 to C$59.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$59.13.

Pembina Pipeline Trading Up 0.2%

Shares of TSE PPL opened at C$51.77 on Monday. The firm has a 50 day moving average price of C$54.09 and a two-hundred day moving average price of C$54.42. The stock has a market cap of C$29.93 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$60.72. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65.

Insider Buying and Selling

In other Pembina Pipeline news, Director Andy Mah acquired 4,105 shares of the company’s stock in a transaction on Wednesday, April 9th. The shares were purchased at an average cost of C$48.84 per share, with a total value of C$200,488.20. Also, Senior Officer Janet C. Loduca sold 5,338 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$55.46, for a total transaction of C$296,045.48. In the last three months, insiders have bought 18,089 shares of company stock valued at $955,839. 0.05% of the stock is owned by company insiders.

Pembina Pipeline Company Profile

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.